Greece debt crisis: Eurozone sets final deadline for new plan

[BuaBS]

I would like for this to be the start of the end of the dreaded E.U.

Only country to benefit from the EU is Germany.

Don't forget the far overpaid eurocrats in Brussels & Strasbourg and the overpaid circus that goes with it and the service industry around them. It's all about keeping THEIR jobs safe and expence accounts & perks.

They must be really p-ssed off by the Greeks and putting in deadlines , because it's summer holidays in Europe

and Greece is keeping them from a "well deserved" (HaHa) holiday.

[PepperMe]

It is NOT up to Greece to come up with the solution. It is up to the troika.

It was the troika's plans of even more austerity that was rejected, So it is up to the troika to table a different one.

The referendum was basically a statement to ther troika that the people of Greece do not accept you offer and its conditions, so come back with something different.

The EU and the trioka have no intention of backing down at all and wants to destroy Greece because they do not like the Syriza government. They may have already brought dowen governments in other countries and they did it to Greece a few years ago, and they do not like it when the people bite back.

Basically the EU attitude is "If we can not control you as our puppet, then we don't want you at all".

The world is weatching and more importantly, they know exactly what is going on.

So if you can get easy access to credit cars, mortgage and cars on monthly payments, and fail to pay back because you loose your job, its the responsibility of the lenders to come up with solutions? The Greeks should look in the mirror and realize they have, together, created a corrupt society that lives above its means.

What are you suggesting? Your response is beyond beggars believe.

Once a week over the past 5 years three people fly into Athens, which are representitives of the three lenders, the IMF, The EC and the ECB. Their job is to tell the Greek finance minister what they have to do for the next week. Which Greece has complied with to the letter.

So the lenders are basically running Greece's economy.

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

I put it to YOU, that it is YOUR response that beggars belief, but I will accept you are innocently ignorant of the true situation.

It is because the 5 years of troika conditions and meddling in Greec's economics has FAILED spectacularly, then they are asking for even more damaging controls.... You have to ask yourself who needs to be coming to the table with better proposals. Greece have already given plenty of ground and proposals which are summarily rejected out of hand.

Tsipras has already moved some way, it is the troika who need to move now.

Pathetic again. Ask the rich Greeks what they have done with their money. How many billions are stashed in Switzerland? How much cash in is their hands? The insolvency of the Greek banks is because the Greeks did a bankrun. The Greeks are very good in blaming others for their own mischief and YOU do the same.

The austerity measures were agreed upon by the previous Greek governments. The Greek economy didn't fail because of the Troika, it failed because the under performing, corrupt, tax avoiding, inefficient Greek society. But its easier to blame other nations and take the money of their tax payers. You should take an example of the Baltic states who have had the balls to climb out of there situation. But no, the whole world is against the Greeks.

Pay up or Grexit and a one way ticket to the stone age.

You clearly know nothing of this situation. This post confirms it.

Another know it all that has no clue what he is talking about.

[RockyBeerbelly]

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

Let me limit my response to the above remark you made (other people have already argued your views enough).

Your are missing a crucial point. The EU/ECB/IMF didn't put out a "normal" loan to Greece, but its a loan given out to restructure their finances and keep them from going bankrupt.

The answer to your question is YES, if you cannot pay back your loans (car, house, credit card, etc.) your creditors can request for bankrupt or (in many cases) they can ask for a debt restructuring plan. For individuals (In many countries) requesting restructuring of the debt is possible and preferable, because it increases the possibility that the creditors will get some money back. In any case, you will have 0% to say over your financs (normally it is controlled by a national credit bank). You will not have any access to your money (even your salary), you only will get a weekly allowance, while the rest of your salary will go to your creditors.

[PepperMe]

So if you can get easy access to credit cars, mortgage and cars on monthly payments, and fail to pay back because you loose your job, its the responsibility of the lenders to come up with solutions? The Greeks should look in the mirror and realize they have, together, created a corrupt society that lives above its means.

What are you suggesting? Your response is beyond beggars believe.

Once a week over the past 5 years three people fly into Athens, which are representitives of the three lenders, the IMF, The EC and the ECB. Their job is to tell the Greek finance minister what they have to do for the next week. Which Greece has complied with to the letter.

So the lenders are basically running Greece's economy.

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

I put it to YOU, that it is YOUR response that beggars belief, but I will accept you are innocently ignorant of the true situation.

It is because the 5 years of troika conditions and meddling in Greec's economics has FAILED spectacularly, then they are asking for even more damaging controls.... You have to ask yourself who needs to be coming to the table with better proposals. Greece have already given plenty of ground and proposals which are summarily rejected out of hand.

Tsipras has already moved some way, it is the troika who need to move now.

Pathetic again. Ask the rich Greeks what they have done with their money. How many billions are stashed in Switzerland? How much cash in is their hands? The insolvency of the Greek banks is because the Greeks did a bankrun. The Greeks are very good in blaming others for their own mischief and YOU do the same.

The austerity measures were agreed upon by the previous Greek governments. The Greek economy didn't fail because of the Troika, it failed because the under performing, corrupt, tax avoiding, inefficient Greek society. But its easier to blame other nations and take the money of their tax payers. You should take an example of the Baltic states who have had the balls to climb out of there situation. But no, the whole world is against the Greeks.

Pay up or Grexit and a one way ticket to the stone age.

one way ticket to the stoneage hahahahaha the vile people in the eu would love to subjugate all euro countries for there dream dictatorship oh and look whose at the helm of this huge ship germany....they wont let greece sink its a case of who blinks first try to understand whats really going on ..reading robert peston on hys on the bbc is not real insight its pro-eu propaganda

At least YOU get it.

SoilSpoil is clearly a novice at this subject and has swallowed all the pro-EU media propaganda hook line and sinker.

Whereas me myself have studied and tracked this subject for a year now.

I have not just started getting an interest over the past few days because of the news coverage. I am a long time member of democracyforum co uk and there is a daily discussion on a thread that has been going now for at least 8 months. So I am very in touch with what has been happening.

All of this has been predicted because the EU are so see through. Just go to the grexit thread on that forum. SoilSpoil thinks he is an expert on the subject but he does not know his arse from his elbow.

Edited July 8, 2015 by PepperMe

[PepperMe]

It is NOT up to Greece to come up with the solution. It is up to the troika.

It was the troika's plans of even more austerity that was rejected, So it is up to the troika to table a different one.

The referendum was basically a statement to ther troika that the people of Greece do not accept you offer and its conditions, so come back with something different.

The EU and the trioka have no intention of backing down at all and wants to destroy Greece because they do not like the Syriza government. They may have already brought dowen governments in other countries and they did it to Greece a few years ago, and they do not like it when the people bite back.

Basically the EU attitude is "If we can not control you as our puppet, then we don't want you at all".

The world is weatching and more importantly, they know exactly what is going on.

So if you can get easy access to credit cars, mortgage and cars on monthly payments, and fail to pay back because you loose your job, its the responsibility of the lenders to come up with solutions? The Greeks should look in the mirror and realize they have, together, created a corrupt society that lives above its means.

What are you suggesting? Your response is beyond beggars believe.

Once a week over the past 5 years three people fly into Athens, which are representitives of the three lenders, the IMF, The EC and the ECB. Their job is to tell the Greek finance minister what they have to do for the next week. Which Greece has complied with to the letter.

So the lenders are basically running Greece's economy.

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

I put it to YOU, that it is YOUR response that beggars belief, but I will accept you are innocently ignorant of the true situation.

It is because the 5 years of troika conditions and meddling in Greec's economics has FAILED spectacularly, then they are asking for even more damaging controls.... You have to ask yourself who needs to be coming to the table with better proposals. Greece have already given plenty of ground and proposals which are summarily rejected out of hand.

Tsipras has already moved some way, it is the troika who need to move now.

And for 5 years Greece has been told it is living beyond it's means...

• Big earners who do no pay their taxes.
• People retiring too early
• Too much welfare

The list goes on...

While many of us live in countries that pulled their belts in and are in a better financial position, Greece continued to party horos as if there were no tomorrow...

greekdance.jpg

Let's see what happens tomorrow.

Funny how Greece were doing well before they entered the Euro isn't it.

It is the Euro that wrecked Greece and the troika.

[SoilSpoil]

I agree with you. After WWII 20 countries icluding Greece wrote off Germany's debt which enabled them to recover and become the country it is today. However today one of those countries that helped them needs help and they are refusing debt relief. Greece can't afford more than B 115 bn debt. Any program with debt higher than this is doomed to fail, its mathematics not politics. For those who say Greece must live within their means, think about this - people in Greece work longer hours than in Germany, 45% of pensioners in Greece live below the EU poverty line, suicides have increased with 35%, hospitals are running out of medicine and then we have unemployment of 25%. What is happening is a disgrace for the EU, it shows that money has become more important than people. Merkel wants her money back even if its comes with a miilion broken lives. BE ASHAMED OF YOURSELVES EUROPE.

Good one. Tomorrow the leaders of Finland, Holland, Germany, Austria, Poland, Baltic states, Slovakia, Belgium will ask their people through their respective parliaments to donate more tax money to Greece. The poor Greeks need more of your money, This time they will really reform their corrupt, inept, economy and society. Well, after Sunday's 61% OXI, I don't think the people of Europe have lost the last bit of confidence.

Your WOII argument is so wrong. This was 70 years ago. Where do you want to draw the line? 100 years ago? 200 years ago? Also, the Germans are just 1 of the creditors and the people in Eastern Europe also live below the European poverty line. Difference is that they work, pay off and don't whinge like the Greeks do.

The Greeks should hang their heads in shame, not the rest of Europe.

Talking about confidence. What will happen with imports and exports to Greece this year. I wouldn't like to do business with anyone in this country. Economies and money are driven on trust and that's exactly what the Greeks have lost. And that's why a Grexit is necessary.

[PepperMe]

I agree with you. After WWII 20 countries icluding Greece wrote off Germany's debt which enabled them to recover and become the country it is today. However today one of those countries that helped them needs help and they are refusing debt relief. Greece can't afford more than B 115 bn debt. Any program with debt higher than this is doomed to fail, its mathematics not politics. For those who say Greece must live within their means, think about this - people in Greece work longer hours than in Germany, 45% of pensioners in Greece live below the EU poverty line, suicides have increased with 35%, hospitals are running out of medicine and then we have unemployment of 25%. What is happening is a disgrace for the EU, it shows that money has become more important than people. Merkel wants her money back even if its comes with a miilion broken lives. BE ASHAMED OF YOURSELVES EUROPE.

Good one. Tomorrow the leaders of Finland, Holland, Germany, Austria, Poland, Baltic states, Slovakia, Belgium will ask their people through their respective parliaments to donate more tax money to Greece. The poor Greeks need more of your money, This time they will really reform their corrupt, inept, economy and society. Well, after Sunday's 61% OXI, I don't think the people of Europe have lost the last bit of confidence.

Your WOII argument is so wrong. This was 70 years ago. Where do you want to draw the line? 100 years ago? 200 years ago? Also, the Germans are just 1 of the creditors and the people in Eastern Europe also live below the European poverty line. Difference is that they work, pay off and don't whinge like the Greeks do.

The Greeks should hang their heads in shame, not the rest of Europe.

Talking about confidence. What will happen with imports and exports to Greece this year. I wouldn't like to do business with anyone in this country. Economies and money are driven on trust and that's exactly what the Greeks have lost. And that's why a Grexit is necessary.

You TRUST the EU?

Hahahahahaha

[melvinmelvin]

www..

[TheAppletons]

At least YOU get it.

SoilSpoil is clearly a novice at this subject and has swallowed all the pro-EU media propaganda hook line and sinker.

Whereas me myself have studied and tracked this subject for a year now.

I have not just started getting an interest over the past few days because of the news coverage. I am a long time member of democracyforum co uk and there is a daily discussion on a thread that has been going now for at least 8 months. So I am very in touch with what has been happening.

All of this has been predicted because the EU are so see through. Just go to the grexit thread on that forum. SoilSpoil thinks he is an expert on the subject but he does not know his arse from his elbow.

Democracyforum.co.uk - oooooh, well then that makes you a, uh, member of a website. Do all of the members of that website have the same opinion regarding the failed nation of Greece or just the mentally unstable ones?

[puck2]

Funny how Greece were doing well before they entered the Euro isn't it.

It is the Euro that wrecked Greece and the troika.

Are that men or maybe ladies? Then Greece + the troica have been very horny to trust the €, because ... heedless or brainless.

Or was it vice versa?

Edited July 8, 2015 by puck2

[RockyBeerbelly]

So if you can get easy access to credit cars, mortgage and cars on monthly payments, and fail to pay back because you loose your job, its the responsibility of the lenders to come up with solutions? The Greeks should look in the mirror and realize they have, together, created a corrupt society that lives above its means.

What are you suggesting? Your response is beyond beggars believe.

Once a week over the past 5 years three people fly into Athens, which are representitives of the three lenders, the IMF, The EC and the ECB. Their job is to tell the Greek finance minister what they have to do for the next week. Which Greece has complied with to the letter.

So the lenders are basically running Greece's economy.

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

I put it to YOU, that it is YOUR response that beggars belief, but I will accept you are innocently ignorant of the true situation.

It is because the 5 years of troika conditions and meddling in Greec's economics has FAILED spectacularly, then they are asking for even more damaging controls.... You have to ask yourself who needs to be coming to the table with better proposals. Greece have already given plenty of ground and proposals which are summarily rejected out of hand.

Tsipras has already moved some way, it is the troika who need to move now.

And for 5 years Greece has been told it is living beyond it's means...

• Big earners who do no pay their taxes.
• People retiring too early
• Too much welfare

The list goes on...

While many of us live in countries that pulled their belts in and are in a better financial position, Greece continued to party horos as if there were no tomorrow...

greekdance.jpg

Let's see what happens tomorrow.

Funny how Greece were doing well before they entered the Euro isn't it.

It is the Euro that wrecked Greece and the troika.

What is funny is how you are making a fool of yourself with your rhetoric on the matter....

If you think that Greece was doing well before they entered the Euro, your "year long tracking and study of the subject" has been a complete waste of time. To be accepted in the Euro, the then Center-Rigth government made a lot of debt magically disapear.....ask your buddies from your favorite blog, they might be able to explain it to you in Socialist terms, so that you might understand/accept....

What is sad though is that you really dont care about the tax payers in Europe who have coughed up 250 billion Euros to thow it at a corrupt and bankrupt state. And now these same tax payers need to cough up some more?!

Edited July 8, 2015 by RockyBeerbelly

[puck2]

<...............>

I agree with you. After WWII 20 countries icluding Greece wrote off Germany's debt which enabled them to recover and become the country it is today. However today one of those countries that helped them needs help and they are refusing debt relief. Greece can't afford more than B 115 bn debt. Any program with debt higher than this is doomed to fail, its mathematics not politics. For those who say Greece must live within their means, think about this - people in Greece work longer hours than in Germany, 45% of pensioners in Greece live below the EU poverty line, suicides have increased with 35%, hospitals are running out of medicine and then we have unemployment of 25%. What is happening is a disgrace for the EU, it shows that money has become more important than people. Merkel wants her money back even if its comes with a miilion broken lives. BE ASHAMED OF YOURSELVES EUROPE.

Interpreting your mindset means:

I meet you to aks you for a loan, I dictate the conditions, not you the financial backer. Later on I dictate the next loan again. I need it for paying back your first loan and for some happy life (in reality). And if you don't give me a third loan for my accustomed new life - supported by your loans - than I stop repaying all 3 loans. Then it's "mathematic not politics" (your own highly intelligent words).

Guess what normal people think about such a mindset?

BTW, as you would like to wake up our pity and sympathy with the Greecs, don't forget the dark the side.

If you don't want to accept and understand some facts that Greece

• entered the EU voluntarily - not forced, but acting fraudulantly with the support of G+S

• didn't change her corrupt system in the incompetent and overloaded administration

• not taking owed tax from the rich people (the rule was: 20% for the tax office; 40% for the corrupt officials, 40% win for the taxpayer, if paying at all)

• rejecting all well intentioned advices, i.e. instead of lifting land taxes from the rich reducing them by Tsipras

• had and has sttill an olygarchic system

• wouldn't like to fight her weak economic spots, open her hands to collect money, only to live as before

• etc., etc. ........

then it's not worthwile to have a discussion with you.

[RockyBeerbelly]

I agree with you. After WWII 20 countries icluding Greece wrote off Germany's debt which enabled them to recover and become the country it is today. However today one of those countries that helped them needs help and they are refusing debt relief. Greece can't afford more than B 115 bn debt. Any program with debt higher than this is doomed to fail, its mathematics not politics. For those who say Greece must live within their means, think about this - people in Greece work longer hours than in Germany, 45% of pensioners in Greece live below the EU poverty line, suicides have increased with 35%, hospitals are running out of medicine and then we have unemployment of 25%. What is happening is a disgrace for the EU, it shows that money has become more important than people. Merkel wants her money back even if its comes with a miilion broken lives. BE ASHAMED OF YOURSELVES EUROPE.

Your views are very egoistic (as is the case of 61% of the Greeks). The European tax payers have thrown billions in the bottomless pit called Greece.

Just take one country as an example;The Netherlands have something like 15million people (I guess) and they gave 13 Billion Euros to Greece (btw I say gave, because I dont think it will ever be repaid)....That means that every single Dutch person gave 860 Euro of their money to Greece!!! Is that the disgrace you are talking about? Should the Dutch people be ashamed of that???? Or should they be ashamed that they are not paying another 880Euros per person to a corrupt and bankrupt state????

[Chicog]

Is this the final, final deadline or the final, final, final deadline. And when is the final, final, final, that's it, absolutely-no-more-deadlines-till-the-next-one deadline?

And when are they going to give everyone's bank account a haircut?

[Aforek]

BE ASHAMED OF YOURSELVES EUROPE.

I am very, very proud to be European, Europe is my continent and Euro is my money : do you have our history and our culture ?

Here, the only Europe's fault is to have accepted Greece in Eurozone ( with the liars of Goldmannsachs, an American bank )

[mercman24]

reply to post 35 "Greece were doing well before they joined the euro" NO they were't, they lied through the hole in their ass, as to hiding their countries debts, when they joined up, and now the truth is out.

[Loptr]

Is this the final, final deadline or the final, final, final deadline. And when is the final, final, final, that's it, absolutely-no-more-deadlines-till-the-next-one deadline?

And when are they going to give everyone's bank account a haircut?

Who gets the haircut is the big question, Germany, Greek depositors, all IMF members, certainly not the banks... Whatever Greece does, the troika will not call it a default as that would trigger the CDS's and take down the derivatives chain... The real fireworks start when France, Spain and Italy all follow suit...

It is somewhat ironic that Mario Draghi is head of the ECB during this fiasco, considering he was vice-chairman and managing director at Goldman Sachs when they cooked the books to get Greece into the EU in the first place... Now he is head of the ECB having to deal with the mess he created in the first place...

Edited July 8, 2015 by Loptr

[Mosha]

The nations who finance this shambles should hold referendums. All the Greek PM is doing is proposing not doing. I blame the EU, UK media was reporting on the retirement age in Greece before they joined, I have to wait until I'm 66 for mine.

[Naam]

Funny how Greece were doing well before they entered the Euro isn't it.

It is the Euro that wrecked Greece and the troika.

very funny how a country was doing well with double digit interest rates of up to 20%

here's a glance at historic Drachma interest rates provided by the Greek Central bank which might "pepper" you a bit:

http://www.bankofgreece.gr/Pages/en/Statistics/rates_markets/oldrates.aspx

Edited July 8, 2015 by Naam

[Naam]

reply to post 35 "Greece were doing well before they joined the euro" NO they were't, they lied through the hole in their ass, as to hiding their countries debts, when they joined up, and now the truth is out.

[Ulic]

Personally I think the Euro and the EU will be stronger if Greece leaves/is pushed out. Successive

governments have done nothing but lie to get in, milk foreign banks and governments for billions

by lying about its deficits for years. They have no intention of paying back a euro. Honor the Greek

peoples no vote. It was clear that a no vote was a no to the euro. A little tough love is what is

needed. Kick them out, bring back the Drachma and let then pay pensioners whatever they want,

retire at forty, and hire more civil servants so every second person works for the government.

All good.

Edited July 8, 2015 by Ulic

[BuaBS]

BE ASHAMED OF YOURSELVES EUROPE.

I am very, very proud to be European, Europe is my continent and Euro is my money : do you have our history and our culture ?

Here, the only Europe's fault is to have accepted Greece in Eurozone ( with the liars of Goldmannsachs, an American bank )

I am european . The euro was NEVER my money , I never excepted the EU . The EU completely screwed up europe. They should have stopped at european economic community( EEC) , with countries' currencies fairly locked in the ECU , but adjustable. NEVER a european union. Europe should never be a united states of europe. Benelux was ok , maybe take in Germany too. The Germanic people of northern europe are too different from the latin people in the south.

If there are any people left that want to bail out /loan money to the PIGS & France , they should fill it in on their taxes so that they can pay for it. I'm not paying for it.

Edited July 8, 2015 by BuaBS

[melvinmelvin]

Personally I think the Euro and the EU will be stronger if Greece leaves/is pushed out. Successive

governments have done nothing but lie to get in, milk foreign banks and governments for billions

by lying about its deficits for years. They have no intention of paying back a euro. Honor the Greek

peoples no vote. It was clear that a no vote was a no to the euro. A little tough love is what is

needed. Kick them out, bring back the Drachma and let then pay pensioners whatever they want,

retire at forty, and hire more civil servants so every second person works for the government.

All good.

Or maybe the No vote was yes to the Euro, lots of them, with fewer strings attached.

[Ulic]

It is NOT up to Greece to come up with the solution. It is up to the troika.

It was the troika's plans of even more austerity that was rejected, So it is up to the troika to table a different one.

The referendum was basically a statement to ther troika that the people of Greece do not accept you offer and its conditions, so come back with something different.

The EU and the trioka have no intention of backing down at all and wants to destroy Greece because they do not like the Syriza government. They may have already brought dowen governments in other countries and they did it to Greece a few years ago, and they do not like it when the people bite back.

Basically the EU attitude is "If we can not control you as our puppet, then we don't want you at all".

The world is weatching and more importantly, they know exactly what is going on.

So if you can get easy access to credit cars, mortgage and cars on monthly payments, and fail to pay back because you loose your job, its the responsibility of the lenders to come up with solutions? The Greeks should look in the mirror and realize they have, together, created a corrupt society that lives above its means.

What are you suggesting? Your response is beyond beggars believe.

Once a week over the past 5 years three people fly into Athens, which are representitives of the three lenders, the IMF, The EC and the ECB. Their job is to tell the Greek finance minister what they have to do for the next week. Which Greece has complied with to the letter.

So the lenders are basically running Greece's economy.

When YOU take out a bank loan or buy a car on credit, do the bank run your entire finances??????

I put it to YOU, that it is YOUR response that beggars belief, but I will accept you are innocently ignorant of the true situation.

It is because the 5 years of troika conditions and meddling in Greec's economics has FAILED spectacularly, then they are asking for even more damaging controls.... You have to ask yourself who needs to be coming to the table with better proposals. Greece have already given plenty of ground and proposals which are summarily rejected out of hand.

Tsipras has already moved some way, it is the troika who need to move now.

This is total BS. The Greeks once they had the money dragged there heels on everything and did

not privatize the public companies they said they would. Or make the necessary restructuring changes.

That is why when the last tranche of the bail out came due the Troika said no. Promises of change and

restructuring to be made by the Greek government in the future are worthless. That is why the Troika

now wants changes first, money second. I say write down a huge percentage of the debt. It was 50% 5

years ago, make it another 50 % now, but don't give another euro. Re-introduce the Drachma and let

them print as much as they want, hire as many civil servants as they want. Make every decision they

want. Stimulate growth by spending on anything. Just don't ask for other countries to pay for it. Greeks

won't touch Greek bonds with a 10 foot pole. They know what the government is like. Japans bonds

which are a far higher percentage of GDP than Greece are owned by the Japanese. So they have no

problems.

[Publicus]

If i was a Eurozone head leader, I would let Greece simmer in their own juices for a while,

realizing full well that the NO vote of Sunday is as hollow and empty as the Bank's vaults,

and that when someone want to borrow money for their immediate existence they also have

to agree to the lander's conditions or go look for money elsewhere....

And if they get desperate enough and nationalize the banks they just were to forced to sell for US investors, borrow money from Russia, in exchange stop the sanctions, make a deal with China. Than there is the big whining.

They could even try to get out of the NATO which trigger that the USA brings them Democracy (like Iraq, Libya, Syria, Ukraine).

That would be disaster for the EU. It would be way cheaper to give them some more billions for nothing.

make a deal with China

No one is making a deal with the CCP China given the Shanghai and Shenzhen stock markets have lost $3 Trillion the past 30 daze and the CCP Boyz in Beijing can't do anything to stop it despite trying everything the Boyz can bring to bear via the CCP central bank, their private bank.

The Beijing Boyz have stopped trading in 1400 major stocks, raised rates, increased triple-R, shut it down for a couple of hours, done handstands and the market is still in a flaming nosedive.

The loss to date is the GDP of the UK with anticipated losses beginning to very soon approach the GDP equivalent of Germany.

I'd been thinking of suggesting the EMU / EU sell Greece to either China or Russia but neither looks any good right now or anytime looking out the next several or dozen years.

Greece had better grab whatever deal it can because markets are beginning to see that this Athens coalition of the extreme left together with the extreme right has very different ideas about what is going on and where this thing should be going.

[Naam]

Captain Picard,

our agents report that Greece was forced into the €URo!

[Usernames]

Another "final deadline." Yea, sure.

[TommyUK1960]

Today Saturday 11/07/2015 looks like more sticky plaster coming out for Greece. Brussels is not going to let Greece go.

[JockPieandBeans]

Today Saturday 11/07/2015 looks like more sticky plaster coming out for Greece. Brussels is not going to let Greece go.

Hell will freeze over before Greece gets to go its own way.

[JockPieandBeans]

So desperate are the EU leaders

The latest negotiations prove "very difficult" as Germany calls for more Greek austerity or a five-year eurozone "time-out".

http://news.sky.com/story/1517428/inconclusive-greek-bailout-talks-suspended

A 5 year Eurozone timeout is on the table.

Unbelievable.